Satyapal Singh Rajput, Raipur. Chhattisgarh State Electricity Regulatory Commission has determined the annual revenue requirement and electricity rates for consumers for the financial year 2024-25. Adjusting the partial compensation of revenue deficit made by the state government, the commission has approved an average increase of 8.35 percent in all consumer categories.
Chhattisgarh State Electricity Regulatory Commission Chairman Hemant Verma and member Pramod Kumar Gupta gave information about the increase in electricity rates in a press conference. He said that after considering the revenue deficit and revenue surplus of the state’s power companies in the past years, the annual revenue requirement demanded by the power distribution company for the financial year 2024-25 has been approved as Rs 24594 crore instead of Rs 26037 crore.
Similarly, the distribution company has approved 34091 million units instead of the estimated 33875 million units for the coming financial year. Similarly, the distribution company has approved Rs 2819 crore instead of the estimated revenue loss of Rs 4420 crore from the prevailing tariff on the estimated sale of electricity for the financial year 2024-25.
The state government has decided to reimburse Rs 1000 crore for the financial year 2024-25 to reduce the gross revenue deficit of the distribution company. As a result, the distribution company is estimated to have a revenue deficit of Rs 1819 crore at the prevailing rates in the financial year 2024-25. An average increase of 20.45 percent was estimated for reimbursement of revenue deficit from the analysis of the petition filed by the state distribution company, but after partial reimbursement of revenue deficit by the state government and consideration by the commission, an average increase of 8.35 percent in all consumer categories has been approved.
Average electricity supply rate and average electricity billing rate
The average cost of supply for the financial year 2024-25 has been estimated at Rs 6.92 per unit. As a result of the decisions taken by the Commission in the current tariff order and reimbursement of losses of the distribution company by the state government, the average electricity billing rate is estimated at Rs 6.92 paise, which is 53 paise more than the current prevailing rate. Accordingly, an average increase of 8.35 percent in electricity rates from the current prevailing rate has been approved.
Key points of the current order
Electricity rates for domestic and non-domestic consumers have been increased by 20 paise per unit. Electricity rates for agricultural pumps have been increased by 25 paise per unit. The structure of TOD has been changed after analysis of demand and available power generation. Green energy charge has been determined for the convenience of consumers willing to purchase renewable energy (Green Energy) to protect the environment and reduce carbon footprint. The load factor rebate of 20 percent applicable for railway traction load has been abolished. The 5 percent discount in energy charge has been continued for Poha and Murmura mills falling under HV-5 and LV-5 category. The new electricity rates being issued, which are available in Annexure-1 and Annexure-2, will be effective from June 1, 2024.
Agricultural and agricultural consumers
Consumers with non-subsidized agricultural electric pumps will continue to get 20 percent discount in energy charges. Currently, the facility of using 100 watt load near the pump is effective under pump connection for the purpose of electric pumps installed in the fields and guarding the fields. Keeping in mind the wider interest of the farmers, the Commission has continued the approval of lights and fans up to 100 watts.
rural health service provider
The 5 percent discount being given in the energy charges of the prevailing electricity rates for the hospitals, nursing homes and diagnostic centers operating in the rural areas of the state, Bastar and South Zone Tribal Development Authority and Surguja and North Zone Development Authority has been continued.
Non-domestic consumers
To encourage environmental protection, the tariff for electric vehicle charging units has been fixed equal to the average electricity cost i.e. Rs.6.92/- per unit. For women empowerment, 10 percent discount in energy charges has been continued for industrial activities and business activities run by registered women self-help groups. To strengthen the communication system in the remote Naxal-affected districts of the state and to expand the facility of mobile connectivity, the 50 percent discount in energy charges of mobile towers installed after 01.04.2019 has been reduced to 25 percent to encourage the installation of new mobile towers.
low pressure industry
The 5% discount in the prevailing energy charges for Poha and Murmura mills receiving low-pressure power has been continued.
high pressure consumer
A 15 percent concession in energy charges has been continued for defense establishments. A 5 percent discount in prevailing energy charges has been continued for rice mills, poha and puffed rice mills receiving electricity on high pressure. Electricity rates for all high pressure steel consumers have been increased by 25 paise per unit and the maximum limit of load factor rebate has been fixed at 10 percent while changing the applicable load factor rebate.